Kushal Gupta: BUY Dabur, Texmaco Rail, Escorts Kubota and Aurobindo Pharma; SELL Deepak Nitrite
Market expert Kushal Gupta has suggested four BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today and we could see strength across the board as mood has turned bullish again. Majority of companies have reported good quarterly numbers and outlook for Indian economy is strong. The interest rate issue in the United States is not scaring investors anymore and we could see further strength in the US stocks.
Gupta has suggested BUY Call for Texmaco Rail at current levels for target of Rs 107 with Stop Loss at Rs 102. The stock is looking strong on the charts and on back of positive news, it could offer quick returns to traders.
Gupta has suggested BUY Call for pharmaceutical major Aurobindo Pharma at current price for target of Rs 865 with Stop Loss at Rs 835.
Gupta has suggested long term BUY Call for FMCG major Dabur at current levels for target of Rs 650 with holding period of 12 months. The stock is fundamentally strong and pharmaceutical sector has positive outlook in medium to long term.
Gupta has suggested long term BUY Call for Escorts Kubota at current levels for target of Rs 3000. The holding period for this call is 12 months.
Gupta has suggested SELL Deepak Nitrite Futures Contract at current levels for target of Rs 1970 with Stop Loss at Rs 2060. The stock is looking weak on technical charts and can see further decline.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.